I want to open a IM on cobalt, I know i need a populated island, but if anyone know off hand the best to choose that would be great, first stall
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Ambrygold of Cerulean OceanPrincess of the Flag Blackstar Senior Officer of the Crew Poesidons Wrath

Avatar by Ambrygold

Pirates, when perfected, are the best of animals, but when separated from law and justice, they are even more awesome!

Go Jubilee when it opens. less competition plus the Gov is giving a bonus to some of the first stalls.... that or Kirin. =D
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Cybrpyro on da Cobalt ocean...as well as the rest

It also depends to some extent where they end up joining the Cobalt and Midnight oceans together.
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Chocorose of Cerulean:Not too cute to be a pirate.Current avatar by Salmon

DN is nice if you want a no risk first try - it's a OOO controlled island on an interarch route.

Jubille is nice if you want to get in on the ground floor - it's also on an interarch route, and is a new opening (which means you can establish yourself rather easily as one of the first and force everyone else to react to you rather than you reacting to an entrenched core of existing stalls).

Tigerleaf, Fintan, and Cormorant all spawn iron, making commodity hauling an easier prospect. Tigerleaf is an interarch with good sales, but the taxes are higher than on Fintan or Cormorant. Fintan is probably the worst of the three, since its taxes are higher than Cormorant, but its sales are lower than Tigerleaf.

If you wait until after the merger (or at least until after the announcement of how the oceans will be joined), you might end up looking at Olive, Sakejima, or Laby Moor as likely points for the inter-ocean routes to link up.
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Pizzahutpete on the Cerulean OceanPrince, Super AwesomenessSO, Boochin' Drunks